Vietnam Morning News For November 19, 2019

Vietnam posts import-export revenue of over US$428 billion in 10 months
Vietnam reported US$428.63 billion worth of import and export revenue in the first 10 months of 2019, up 8% compared to the same period in 2018, according to the General Department of Vietnam Customs.
— NDO

Vietnam Activists Urge Government to Back Off Over China Protest T-Shirt
A group of Vietnamese activists have written an open letter urging the communist government in Hanoi to stop harassing people who wear a T-shirt that protests China’s expansive claims on the South China Sea, RFA’s Vietnamese Service has learned.
— Radio Free Asia

Illegal Fishing, Child Labor Reported in Vietnamese Fishing Fleet
Fish populations in Vietnam’s waters are so low boats are forced to fish illegally elsewhere to make a living, Vietnamese captains and crew told the Environmental Justice Foundation (EJF).
— Maritime Executive

Vietnam’s coal, crude oil import soar as it benefits from Sino-US trade war
Vietnamese government data released earlier this week had depicted an upbeat portrait of the Southeast nation’s fast-growing economy, as its coal alongside crude oil imports were surged more than anticipated during the first ten months of the year.
— Financial World

Citi and Lazada Launch Co-brand Credit Card Partnership in Vietnam
Citi, the largest pan-regional credit issuer, and Lazada Group, Southeast Asia’s leading e-commerce platform, have launched a new Lazada Citi credit card in Vietnam – the first e-Commerce Credit Card Partnership in Vietnam – one month after the launch of the same card in Malaysia and Thailand.
— Vietnam Insider

For the U.S., Vietnam Is a Friend in Need
The threat of China should bring two former enemies into a tight security relationship.
— Bloomberg

NA discuss two draft laws, adopt minority ethnic development plan
National Assembly deputies will work in groups to discuss two draft laws in the morning of November 18.
— VietnamPlus

Expressways that burn up the road between Hanoi and northern provinces
Nine major expressways that cost VND128 trillion ($5.5 billion) have considerably sped up connections between Hanoi and northern localities.
— VnExpress

Essex lorry deaths: Vietnam bills grieving families to return bodies
Grieving families in Vietnam have been offered loans to cover the costs of repatriating their loved ones’ bodies in the wake of the Essex lorry incident.
— RNZ

Vietnam looks to double tourism from India
Vietnam, which has gained interest from travellers worldwide, is looking to increase its share of Indian tourists in the coming years.
— The Hindu

Arrogant Vietnamese cops get the boot for harassing civilians
Two cops, including one woman, were dismissed from service on Monday following arrogant, abusive behavior with the public.
— VnExpress

Measures needed to facilitate visa issuance for foreigners
Vietnam’s tourism has continuously experienced impressive growth in recent years thanks to many improvements, especially more flexible and clearer visa-related policies.
— Nhan Dan Online

Over 500 firms to take part international textile and garment industry exhibitions in HCM City
Four expos showcasing technologies, solutions and trends meant to upgrade the entire textile and footwear production chain will be held under one roof in HCM City from November 20 to 23.
— Viet Nam News

International press conference on Vietnam’s ASEAN Chair Year 2020
Secretary General of the National ASEAN 2020 Committee, Deputy Minister of Foreign Affairs Nguyen Quoc Dung chaired an international press conference on Vietnam’s ASEAN President Year 2020 held in Hanoi, on November 18.
— Nhan Dan Online

Vinalines to sell its own stake from Inlaco-HP
Vietnam National Shipping Lines (Vinalines) will sell approximately 1.52 million shares, equivalent to 24.9 per cent of the International Labour and Services Stock Company (Inlaco-HP).
— Viet Nam News

Vietnam extends JX license to develop light sweet crude at Phuong Dong to 2025
The Vietnamese government has granted an extension to JX Nippon Oil & Gas Exploration’s license to develop the offshore Phuong Dong oil field by five years until April 2025, giving it more time to develop light sweet crude oil, a grade which is gaining in popularity for cleaner marine fuel sulfur production.
— S&P Global

VN30 firms take 92% of all top listed firms’ total Q3 profits
Three companies in the HNX30-Index posting losses in the third quarter were PetroVietnam Coating Corporation (PVB), Trí Việt Group (TVC) and constructor Vimeco JSC (VMC).
— Viet Nam News

Hong Leong Bank Launched the Next Generation Digital Bank in Vietnam Via HLB Connect Mobile App
Hong Leong Bank Vietnam (“HLBVN”), a subsidiary of Malaysia-based Hong Leong Bank Berhad (“HLB” or “the Bank”), has launched the next generation, customer-centric digital bank in Vietnam via its mobile banking platform, HLB Connect, which enables customers to enjoy fee-free financial services and shop for e-vouchers seamlessly in one platform.
— Yahoo News

Restaurants still dish out cat meat although government banned cat consumption in Vietnam
Despite authorities trying to dissuade people from eating cat meat, many Vietnamese are not persuaded.
— Vietnam Insider

India’s IT giant HCL Technologies targets long-term investment in Vietnam
The plan targets to train and develop 10,000 – 20,000 IT engineers across the country for a network of IT centers.
— The Hanoitimes

How do I start a business in Vietnam as a foreigner
As a foreigner, registering a new company in Vietnam can create value in many ways. You can access new markets, break through talent shortages in your home country, make significant savings to your overheads.
— Vietnam Insider

Mai Linh, the major taxi operator in Vietnam tries to focus on providing ridesharing services: Global taxi market report
The global taxi market is expected to register a CAGR of 9.22%, during the forecast period, 2019-2024. While in Vietnam, Mai Linh Group – one of the major taxi operators in the country, is trying to focus on providing ridesharing services, to overcome the country’s mobility challenges
— Vietnam Insider

Rise of ride-hailing firms against traditional taxis is inevitable in Vietnam: PM
Such trend would help better meet transportation needs at more affordable prices, ensuring convenience, safety and improving service quality of both taxis and electronic-contract based vehicles, stated Prime Minister Nguyen Xuan Phuc.
— The Hanoitimes

Vietnam global second in salary growth: report
Vietnam ranks second in the world for real salary increases in 2020, thanks to low inflation and rising productivity, according to a report.
— VnExpress

Taiwan enhances healthcare ties with Việt Nam
Leading hospitals in Taiwan are seeking to enhance cooperation with Vietnamese hospitals and promote their medical services and technology to Vietnamese citizens.
— Viet Nam News

FPT Software unveils mega Vietnam campus, targets 30,000 in headcount
FPT Software has opened its largest campus in Vietnam amid plans to reach 30,000 employees by 2020.
— Channel Asia

New approach to reduce plastic waste in Vu Gia-Thu Ban River
Up to 9.1 tonnes of potential plastic waste was being dumped into the Vu Gia-Thu Ban River basin, one of nine largest river systems in Việt Nam, each day, equating to 2,600 tonnes each year.
— Viet Nam Net

Matsumoto Kiyoshi drugstore to set up joint venture in Vietnam
Japanses drugstore operator Matsumoto Kiyoshi is to open stores in Vietnam in partnership with a local company, Lotus Food Group.
— Insider Retail

Fruit farmers learn about disease treatment via mobile phone apps
The Lộc Trời Group on November 15 signed an MoU with Southern Horticultural Research Institute to develop a system called “Fruit Hospitals” which will provide farmers training about fruit tree nutrition, cultivation and disease treatment.
— Viet Nam News

Tourism to boost hotel real estate segment in Vietnam
Vietnam’s growing tourism industry and thriving economy have drawn interest in the country’s hotel and resort market from investors across the region.
— VietnamPlus

Fintech to drive digital payments: Visa
Fintech companies could hold the key to driving last-mile adoption of digital payments and unlocking vast cash displacement opportunity in Southeast Asia, including Viet Nam, according to Visa, a world leader in digital payments.
— Viet Nam News

Vietnamese firms step up outbound investment
Total outbound Vietnamese investment reached 431.7 million USD in the first nine months of this year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
— VietnamPlus

Local shares to fluctuate due to lack of good news
Shares look set to fluctuate next week due to a lack of supportive information and cautious sentiment triggered by a mixture of news from the world market, brokerages have predicted.
— Viet Nam News

How Long Thanh airport will be built
Long Thanh International Airport in the southern Dong Nai Province will have an annual capacity of 25 million passengers when built in 2025.
— VnExpress

SBV proposes account freezes to tackle fraud
Under the proposal, commercial banks could freeze accounts if they have sufficient evidence the accounts were used for or involved in fraudulent and illegal activates.
— Viet Nam News

Discover Vietnam from $318 return with AirAsia
AirAsia has your 2020 travel plans sorted with these airfares to Vietnam starting from $318 return.
— Finder

Better State management on C/O needed to avoid trade frauds
The State management efficiency in granting certificates of origin for enterprises needs to be improved to reduce trade frauds.
— Viet Nam News

Lil Jon Detained In Vietnam Over $400K Worth Of Jewelry
Lil Jon had too much bling for his own good during his travels in Vietnam on Friday (November 15).
— Hiphopdx

Pork supply to meet demand on domestic market next months
Although pork is plentiful right now, the demand is expected to rise at the end of the year, then rocket by as much as 25 per cent when the Tết (Lunar New Year) holiday is coming near.
— Viet Nam News

MPS warns against over possible Ponzi schemes
The Ministry of Public Security has issued a warning against investing in Eagle Rock Global (ERG) as the firm shows many signs of a fraudulent business and most likely is a running a Ponzi scheme.
— Viet Nam News

Fast and serious: Vietnam’s first national car brand
The first Vietnamese-brand car grabbed considerable attention at the Paris Motor show in 2018. It wasn’t just because of its eye-catching design.
— NHK World

10-year-old Keieijuku proves to be successful business course
Some 400 entrepreneurs across the country gathered in Hà Nội on Friday to celebrate the 10th anniversary of the Keieijuku Business Course.
— Viet Nam News

Feature photo Trường Mầm Non Phú Lương

This week’s Vietnam morning news feature photo focus on World Toilet Day, November 19.

Find our previous morning news feature photos in the AEC News Today Morning News Feature Photos gallery where you will find a pictorial display of daily life throughout the Asean Economic Community (AEC).

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